Nuveen LLC Buys New Shares in Ethan Allen Interiors Inc. $ETD

Nuveen LLC bought a new stake in Ethan Allen Interiors Inc. (NYSE:ETD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 68,864 shares of the company’s stock, valued at approximately $1,908,000. Nuveen LLC owned about 0.27% of Ethan Allen Interiors at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Unison Advisors LLC increased its stake in Ethan Allen Interiors by 1.4% during the first quarter. Unison Advisors LLC now owns 30,872 shares of the company’s stock worth $855,000 after acquiring an additional 414 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ethan Allen Interiors by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company’s stock worth $366,000 after acquiring an additional 448 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in Ethan Allen Interiors by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 28,914 shares of the company’s stock worth $801,000 after acquiring an additional 463 shares during the last quarter. Gotham Asset Management LLC increased its stake in Ethan Allen Interiors by 5.8% during the fourth quarter. Gotham Asset Management LLC now owns 10,237 shares of the company’s stock worth $288,000 after acquiring an additional 561 shares during the last quarter. Finally, Comerica Bank increased its stake in Ethan Allen Interiors by 4.3% during the fourth quarter. Comerica Bank now owns 20,927 shares of the company’s stock worth $588,000 after acquiring an additional 858 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Ethan Allen Interiors presently has a consensus rating of “Hold” and a consensus price target of $30.00.

Ethan Allen Interiors Price Performance

Shares of NYSE ETD opened at $29.46 on Friday. The company has a market capitalization of $749.27 million, a price-to-earnings ratio of 14.66 and a beta of 1.19. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $33.77. The business has a 50-day moving average of $29.39 and a 200-day moving average of $28.02.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The firm had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.Ethan Allen Interiors’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 earnings per share. Research analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 5.3%. Ethan Allen Interiors’s dividend payout ratio is currently 77.61%.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.